Airbnb Q1 2026 Earnings: Growth Acceleration Despite War Headwind

Airbnb reported +15% (FXN) revenue growth in 1Q'26 which was its highest topline growth over the last eight quarters. Airbnb estimates Nights growth would have been 10% (vs. the reported 9%) in the absence of the war. The reported revenue growth by region appears much more impressive in regions outside North America, but FX had a substantial impact on such regions.